Blue Owl Capital Co. III (NYSE:OBDE) Sees Unusually-High Trading Volume

Blue Owl Capital Co. III (NYSE:OBDE) saw an uptick in trading volume on Monday . 113,293 shares changed hands during trading, an increase of 164% from the previous session’s volume of 42,987 shares.The stock last traded at $15.47 and had previously closed at $15.45.

Analyst Upgrades and Downgrades

Separately, Oppenheimer began coverage on Blue Owl Capital Co. III in a report on Wednesday, April 17th. They set an “outperform” rating and a $16.00 price objective for the company.

Blue Owl Capital Co. III Price Performance

The stock has a market capitalization of $1.91 billion and a price-to-earnings ratio of 6.24. The stock has a 50 day moving average of $15.23. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.92.

Blue Owl Capital Co. III (NYSE:OBDE) last issued its earnings results on Wednesday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter. Blue Owl Capital Co. III had a return on equity of 14.48% and a net margin of 67.44%. The business had revenue of $111.54 million during the quarter. On average, sell-side analysts predict that Blue Owl Capital Co. III will post 1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. purchased a new stake in shares of Blue Owl Capital Co. III in the 1st quarter worth about $229,000. Requisite Capital Management LLC purchased a new stake in shares of Blue Owl Capital Co. III in the 1st quarter worth about $510,000. CNA Financial Corp purchased a new stake in shares of Blue Owl Capital Co. III in the 1st quarter worth about $23,546,000. Finally, Trustees of Dartmouth College purchased a new stake in shares of Blue Owl Capital Co. III in the 1st quarter worth about $82,106,000.

About Blue Owl Capital Co. III

Blue Owl Capital Corporation is a specialty finance company focused on lending to U.S. middle-market companies. Blue Owl Capital Corporation is based in NEW YORK.